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Amazing how almost all the commenters in every HN post about NFTs completely miss this aspect of art collecting and complain that "it's not art" or "it's pointl
by jackstraw14 6y ago
Amazing how almost all the commenters in every HN post about NFTs completely miss this aspect of art collecting and complain that "it's not art" or "it's pointless". With these NFTs, it's all about flipping them for a profit which will buy them whatever status they want.
Just take a look at the transaction history of any NFT going around on OpenSea. Here's an example of an NFT selling for 30ETH (~$50,000) just three days after it was bought for 1ETH (~$1690). Not affiliated with CyberKongz.
https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/73424079983647210902572285069973579475843508985221180214989722809634706685953 https://opensea.io/assets/0x495f947276749ce646f68ac8c2484200...